Tern (LON:TERN) Shares Down 18.3% – Should You Sell?

Shares of Tern Plc (LON:TERN) dropped 18.3% on Thursday . The stock traded as low as GBX 0.49 and last traded at GBX 0.49. Approximately 797,264 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 2,090,504 shares. The stock had previously closed at GBX 0.60.

Tern Stock Down 18.3%

The firm has a market cap of £3.77 million, a price-to-earnings ratio of -1.34 and a beta of 0.83. The firm’s fifty day moving average is GBX 0.64 and its two-hundred day moving average is GBX 0.56. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.44 and a quick ratio of 0.75.

About Tern

Tern backs companies with proven technology, based in the UK but with global ambition.

Our management team has a strong track record of unlocking opportunities in the USA for UK companies.

We look for well-motivated teams who are building innovative high growth businesses, with revenue and IP, and which are harnessing software to create or disrupt markets.

We predominantly support software companies which develop commercial IoT security, enablement and analytics solutions for the healthcare and industrial sectors, where safety and regulatory compliance are important market requirements.

Unlike many of our peers, we select to work with only a handful of companies in a given period.